Weekly Top Insider Sells: MSFT, NDAQ, JNPR, QCOM, ISRG

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Feb 14, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


Microsoft Corp. (MSFT, Financial): Director William H Gates Iii sold 15,000,000 Shares


Director of Microsoft Corp. (MSFT) William H Gates Iii sold 15,000,000 shares during the past week at an average price of $27.25.


Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $232.98 billion; its shares were traded at around $27.25 with a P/E ratio of 11.6 and P/S ratio of 3.8. The dividend yield of Microsoft Corp. stocks is 2.3%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.


On Jan. 27, 2011 Microsoft Corp. announced record second-quarter revenue of $19.95 billion for the quarter ended Dec. 31, 2010. Operating income, net income and diluted earnings per share for the quarter were $8.17 billion, $6.63 billion and $0.77 per share, respectively. Prior year results reflect the recognition of $1.71 billion of deferred revenue relating to the Windows 7 Upgrade Option program and sales of Windows 7 before general availability in October 2009. Second-quarter growth rates for revenue and earnings per share were 5% and 4% respectively. Without the deferred recognition in the prior year, second-quarter growth rates for revenue and earnings per share were 15% and 28%, respectively.


3 Gurus Initiated Positions. Richard Aster Jr, Richard Perry, Whitney Tilson, Tom Gayner, and David Tepper own position in this stock.


Sell: CEO Steven A Ballmer sold 8,143,171 shares of MSFT stock on 11/23/2010 at the average price of 25.46. Steven A Ballmer owns at least 333,252,990 shares after this. The price of the stock has increased by 7.03% since.


NASDAQ OMX Group Inc. (NDAQ, Financial): Director Glenn H Hutchins sold 10,275,814 Shares


Director of NASDAQ OMX Group Inc. (NDAQ) Glenn H Hutchins sold 10,275,814 shares on 02/07/2011 at an average price of $28.12.


The NASDAQ OMX GROUP, Inc. is the world's largest exchange company. Nasdaq Omx Group Inc. has a market cap of $5.13 billion; its shares were traded at around $28.12 with a P/E ratio of 13.4 and P/S ratio of 1.7. Nasdaq Omx Group Inc. had an annual average earning growth of 11.6% over the past 10 years.


On Feb. 2, 2011 the NASDAQ OMX Group, Inc. reported strong results for the fourth quarter of 2010. Net income attributable to NASDAQ OMX for the fourth quarter of 2010 was $137 million, or $0.69 per diluted share, compared with $101 million, or $0.50 per diluted share, in the third quarter of 2010, and $43 million, or $0.20 per diluted share, in the fourth quarter of 2009. For the full year of 2010, net income attributable to NASDAQ OMX was $395 million, or $1.91 per diluted share. Included in the fourth quarter of 2010 results are $9 million of expenses associated with workforce reductions, merger and strategic initiatives, and other items, offset by $36 million of benefits primarily associated with the tax impact of these items and the restructuring of certain NASDAQ OMX subsidiaries.


Mario Gabelli owns position in this stock.


Sell: 10% Owner Dubai Ltd Borse sold 30,781,000 shares of NDAQ stock on 12/16/2010 at the average price of 21.79. Dubai Ltd Borse owns at least 29,780,515 shares after this. The price of the stock has increased by 29.05% since.


Chairman of the Board of JUNIPER NETWORKS INC (JNPR, Financial) Scott Kriens sold 1,500,000 shares on 02/09/2011 at an average price of $43.41.


Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. Juniper Networks Inc has a market cap of $20.57 billion; its shares were traded at around $43.41 with a P/E ratio of 36.7 and P/S ratio of 5. Juniper Networks Inc had an annual average earning growth of 5.3% over the past 5 years.


On Jan. 25, 2011 Juniper Networks reported preliminary financial results for the three and twelve months ended December 31, 2010, and provided its outlook for the three months ending March 31, 2011. Juniper’s fourth quarter and full year 2010 results reflect record performance by the company as measured by non-GAAP net income and revenues. Net revenues for the fourth quarter of 2010 increased 26% on a year-over-year basis and increased 18% sequentially, to $1.190 billion. For the year ended December 31, 2010, Juniper's revenue increased 23% on a yearover-year basis to $4.093 billion.


Sell: CEO Kevin R Johnson sold 32,000 shares of JNPR stock on 11/08/2010 at the average price of 34.24. Kevin R Johnson owns at least 134,396 shares after this. The price of the stock has increased by 26.78% since.


QUALCOMM Inc. (QCOM, Financial): President Steven R Altman sold 506,472 Shares


QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $90.67 billion; its shares were traded at around $57.6 with a P/E ratio of 24.8 and P/S ratio of 8.2. The dividend yield of Qualcomm Inc. stocks is 1.4%. Qualcomm Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.


On January 26, 2011 Qualcomm Incorporated announced record results for the first quarter of fiscal 2011 ended December 26, 2010. First Quarter Results (GAAP) Revenues: $3.35 billion, up 25 percent year-over-year (y-o-y) and 13 percent sequentially. Operating income: $1.11 billion, up 26 percent y-o-y and 33 percent sequentially. Net income: $1.17 billion, up 39 percent y-o-y and 35 percent sequentially. Diluted earnings per share: $0.71, up 42 percent y-o-y and 34 percent sequentially. Effective tax rate: 12 percent for the quarter. Operating cash flow: $48 million, down 96 percent y-o-y due to a $1.5 billion income tax payment.


Sell: EVP & Chief Technology Officer Roberto Padovani sold 20,000 shares of QCOM stock on 02/07/2011 at the average price of 55.11. The price of the stock has increased by 4.52% since.


Intuitive Surgical Inc. (ISRG, Financial): Director Robert W Duggan sold 73,752 Shares


Director of Intuitive Surgical Inc. (ISRG) Robert W Duggan sold 73,752 shares during the past week at an average price of $345.27.


Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. Intuitive Surgical Inc. has a market cap of $13.43 billion; its shares were traded at around $345.27 with a P/E ratio of 36.2 and P/S ratio of 9.5. Intuitive Surgical Inc. had an annual average earning growth of 70.4% over the past 5 years.


On Jan 20, 2011 Intuitive Surgical, Inc. today reported fourth quarter of 2010 revenue of $389 million, up 21% compared with $323 million for the fourth quarter of 2009. Fourth quarter of 2010 revenue growth was driven by continued robotic procedure adoption and higher da Vinci Surgical System sales. Fourth quarter of 2010 operating income increased to $154 million from $128 million during the fourth quarter of 2009. Operating results for the fourth quarter of 2010 included $30 million of non-cash stock-based compensation expense compared with $25 million for the fourth quarter of 2009. Intuitive reported a full fiscal year 2010 income tax rate of 33.3% of pretax income, compared to 37.2% recorded through the first three quarters of 2010. The rate reduction realized in the fourth quarter reflected the retroactive reinstatement of the federal research and development tax credit, a reduction in the amount of non-deductible option expenses, and a favorable geographic split of earnings. Fourth quarter of 2010 net income was $121 million, or $3.02 per diluted share, compared with $78 million, or $1.95 per diluted share for the fourth quarter of 2009.


Sell: Director Robert W Duggan sold 2,000 shares of ISRG stock on 02/08/2011 at the average price of 336.76. Robert W Duggan owns at least 3,650 shares after this. The price of the stock has increased by 2.53% since.


For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.